Insights Into The Telecom Managed Services Market’s Growth Opportunities Through 2023-2032 – Includes Telecom Managed Services Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Growing internet penetration is expected to drive innovation in telecom managed services manufacturing, propelling the market during the forecast period.
The global telecom managed services market is expected to grow from $19.51 billion in 2022 to $22.48 billion in 2023 at a compound annual growth rate (CAGR) of 15.2%. The telecom managed services market size is expected to grow to $38.32 billion in 2027 at a CAGR of 14.3%.
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Global Telecom Managed Services Market Segments Include:
- By Service Type: Managed Data Center, Managed Network Services, Managed Data and Information Services, Managed Mobility Services, Managed Communications Services, Managed Security Services
- By Deployment Model: On-Premise, Cloud
- By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global telecom managed services market in 2021.
Major Market Players in the telecom managed services market include FUJITSU, DXC Technology Company, IBM Corporation, Cognizant, Wipro Limited, Capgemini SE, Accenture Plc., Tata Consultancy Services Limited.
The key trend gaining traction in the telecom managed services market is technological advancement. To increase market share, major market players are focusing on new technologies such as new delivery platforms and services. Enea, a Swedish information technology company, for example, launched the industry’s first complete Wi-Fi Software-as-a-Service (SaaS) service management solution for communication service providers in June 2022. (CSPs). The new offering enables telecom operators to launch and monetize Wi-Fi services, allowing businesses to expand their Wi-Fi service footprint and provide more coverage at their own pace using a pay-as-you-grow model.
The Telecom Managed Services Global Market Report 2023 provides a telecom managed services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The telecom managed services market forecast analyzes telecom managed services market size, telecom managed services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Telecom managed services are telecom operations that are handled by a third party. Telecom managed services enable telecom companies to cut costs while focusing more on critical business operations and fundamental techniques.
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